Short the Czech Koruna for ‘Earth-Shattering’ Profits
Contrarian Profits (October 21st, 2008) Writes:
Currency expert Jack Crooks says this crisis is creating great trading opportunities in emerging markets. The Czech koruna soared 250% against the US dollar in the last seven years. But the greenback has found a bottom. And Jack says the reverse trend will be just as “earth shattering”. This is why shorting the koruna is a sure way to bag huge profits.
This from the Sovereign Society:
Again, it’s a problem of dependence. The Czech Republic is highly dependent on growth and financial market stability across the Eurozone. The major countries of Europe represent the key export markets and the financial institutions funneling foreign direct investment into central European countries. But now, both growth and financial stability in the Eurozone are being turned upside down, shaken, and dropped on their heads.
The needier countries of central Europe have benefited mightily from cross-border investment. As big players in Europe carried the region
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